Phillips Edison & Company is a publicly traded real estate investment trust founded in 1991 by Mike Phillips and Jeff Edison, and headquartered in Cincinnati, Ohio. The company trades on the NASDAQ Global Select Market under ticker symbol PECO and went public on July 15, 2021
The firm's investment strategy centers exclusively on acquiring, developing, and operating grocery-anchored shopping centers in suburban locations throughout the United States. Phillips Edison focuses on necessity-based retail properties anchored by market-leading grocers, with 95% of annualized base rent derived from grocery-anchored centers and 85% from shopping centers anchored by the number one or number two grocery store by sales in their respective markets. The company employs a vertically integrated operating platform with in-house leasing, property management, accounting, acquisitions, dispositions, development, and financing teams.
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